FLSW vs. FXF
Compare and contrast key facts about Franklin FTSE Switzerland ETF (FLSW) and Invesco CurrencyShares® Swiss Franc Trust (FXF).
FLSW and FXF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLSW is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Switzerland RIC Capped Index. It was launched on Feb 6, 2018. FXF is a passively managed fund by Invesco that tracks the performance of the Swiss Franc. It was launched on Jun 26, 2006. Both FLSW and FXF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLSW vs. FXF - Performance Comparison
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FLSW vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLSW Franklin FTSE Switzerland ETF | -0.89% | 32.92% | -1.77% | 16.79% | -18.14% | 20.82% | 13.25% | 31.66% | -7.85% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -0.45% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -5.75% |
Returns By Period
In the year-to-date period, FLSW achieves a -0.89% return, which is significantly lower than FXF's -0.45% return.
FLSW
- 1D
- 1.35%
- 1M
- -6.63%
- YTD
- -0.89%
- 6M
- 6.21%
- 1Y
- 17.80%
- 3Y*
- 12.06%
- 5Y*
- 8.32%
- 10Y*
- —
FXF
- 1D
- 0.62%
- 1M
- -1.96%
- YTD
- -0.45%
- 6M
- -0.01%
- 1Y
- 10.60%
- 3Y*
- 4.51%
- 5Y*
- 2.88%
- 10Y*
- 1.02%
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FLSW vs. FXF - Expense Ratio Comparison
FLSW has a 0.09% expense ratio, which is lower than FXF's 0.40% expense ratio.
Return for Risk
FLSW vs. FXF — Risk / Return Rank
FLSW
FXF
FLSW vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Switzerland ETF (FLSW) and Invesco CurrencyShares® Swiss Franc Trust (FXF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FLSW | FXF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.09 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.82 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.21 | -0.88 |
Martin ratioReturn relative to average drawdown | 5.12 | 5.49 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLSW | FXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.09 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.35 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.17 | +0.38 |
Correlation
The correlation between FLSW and FXF is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FLSW vs. FXF - Dividend Comparison
FLSW's dividend yield for the trailing twelve months is around 2.14%, while FXF has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLSW Franklin FTSE Switzerland ETF | 2.14% | 2.12% | 2.04% | 2.36% | 2.02% | 1.86% | 2.28% | 1.15% | 2.86% |
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLSW vs. FXF - Drawdown Comparison
The maximum FLSW drawdown since its inception was -28.16%, smaller than the maximum FXF drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for FLSW and FXF.
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Drawdown Indicators
| FLSW | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -35.58% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -4.82% | -8.56% |
Max Drawdown (5Y)Largest decline over 5 years | -28.16% | -13.03% | -15.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.04% | — |
Current DrawdownCurrent decline from peak | -8.79% | -18.73% | +9.94% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -20.87% | +14.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 1.95% | +1.52% |
Volatility
FLSW vs. FXF - Volatility Comparison
Franklin FTSE Switzerland ETF (FLSW) has a higher volatility of 6.32% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 2.11%. This indicates that FLSW's price experiences larger fluctuations and is considered to be riskier than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLSW | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 2.11% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 5.46% | +5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 9.81% | +6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 8.31% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 7.60% | +9.24% |